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April 23, 2023
Question

Where do I find the "special allocation codes" to indicate how a recourse debt should be allocated among the members of an LLC?

  • April 23, 2023
  • 1 reply
  • 0 views
As a member of an LLC I loaned the LLC money.  I will suffer 100% of the loss should the LLC be unable to repay.  TT for business will not allocate that recourse debt to LLC members and instructs me to enter s special allocation code but doesn't explain where to enter it.

1 reply

Employee
April 24, 2023

Try using Forms Mode.